Question: Which Of The Following Is The Best Reason For A Business To Be Managed Ethically?

What is the best reason for a business to be managed ethically?

A business should be managed ethically for many reasons: to maintain a good reputation; to keep existing customers and attract new ones; to avoid lawsuits; to reduce employee turnover; to avoid government intervention; to please customers, employees and society..

When an f5 category 5 tornado hit a town in southern Missouri?

When an F5 (category 5) tornado hit a town in southern Missouri, the people that lived there needed the basics: food, water, and shelter. The owners of Boccardi’s Ristorante in St. Louis drove several hours with a van of employees, equipment, and food to donate what they could to help the storm victims.

What is the difference between integrity based ethics programs and compliance based ethics programs quizlet?

Whereas compliance-based ethics codes are concerned with avoiding legal punishment, integrity-based ethics codes define the organization’s guiding values, create and environment that supports ethically sound behavior, and stress a shared accountability among employees.

How do takeovers affect shareholders?

After a merge officially takes effect, the stock price of the newly-formed entity usually exceeds the value of each underlying company during its pre-merge stage. In the absence of unfavorable economic conditions, shareholders of the merged company usually experience favorable long-term performance and dividends.

How are American businesses demanding socially responsible behavior from the international suppliers?

Many U.S. businesses are demanding socially responsible behavior from their international suppliers by making sure their suppliers do not violate U.S. human rights and environmental standards.

How is legality different from ethics quizlet?

Terms in this set (3) ethics refers to moral conduct (right and wrong behavior, “good” and “evil”). Laws are the minimum standards of behavior established by statutes for a population or profession.

When a firm is facing a hostile takeover attempt it may issue a poison pill which is?

If a firm issues a poison pill when facing a hostile takeover attempt: it allows stockholders to buy shares of stock at prices lower than the market value.

What are some common anti takeover tactics?

Common anti-takeover measures include the Pac-Man Defense, the Macaroni Defense, and the poison pill. Anti-takeover measures seek to make the stock less appealing, more expensive, or otherwise difficult to push votes through to approve a takeover.

What is the main difference between compliance and ethics?

Defining Ethics Ethics means doing what is right regardless of what the law says. It’s also a conscious choice that is a personal one. It’s entirely possible to be ethical without being compliant. Ethics is proactive, rather than reactive as compliance is.

What is the number one cause of unethical business conduct?

17, 2006–Pressure from management or the Board to meet unrealistic business objectives and deadlines is the leading factor most likely to cause unethical corporate behavior, according to a new survey on business ethics.

Greenmail is much less common today because of laws, regulations, taxes, and anti-greenmail provisions. Although greenmail still occurs tacitly in various forms, several federal and state regulations made it much more difficult.

What is US businesses role in influencing ethical behavior in social responsibility in global markets?

How can U.S. companies influence ethical behavior and social responsibility in global markets? Many U.S. businesses are demanding socially responsible behavior from their international suppliers by making sure their suppliers do not violate U.S. human rights and environmental standards.

What are the three questions to answer when faced with a potentially unethical action?

Ask the three questions you need to answer when faced with a potentially unethical action… how can we tell if our business decisions are ethical? We can put our business decisions through an ethics check by asking three questions: (1) Is it legal? (2) Is it balanced?

What are the six steps to follow in establishing an effective ethics program in a business?

Six Steps to an Ethical Business CultureEstablish an enforceable code of conduct.Initial and ongoing training.Regular communications.Anonymous reporting hotline.Enforcement/Action.Rewarding employees that live the culture.

What is compliance ethics?

A compliance-based code of ethics is developed to ensure that the business and its employees comply with all laws and regulations in an appropriate manner. Three key elements include the prevention, detection and punishment of non-compliant behavior. … Compliance-based ethical codes do have their critics.

What is the difference between compliance and integrity based ethic?

Whereas compliance-based ethics codes are concerned with avoiding legal punishment, integrity-based codes define he organization’s guiding values, create an environment that supports ethically sound behavior, and stress a shared accountability among employees.